Business conditions DI of business enterprises Japan 2020, by company size

The Tankan survey conducted from February to March 2020 revealed that the Diffusion Index (DI) of business conditions evaluated by small enterprises in Japan dropped to minus seven points. This was the first negative result in the last two years, indicating a great impact of the coronavirus (COVID-19) pandemic on their corporate activities.

The Tankan survey stands for the Short-Term Economic Survey of Enterprises in Japan. It is conducted once in four months with the aim of providing an accurate picture of business trends of enterprises in Japan. The target of the survey are private enterprises (excluding financial institutions) in the country with a capital of 20 million Japanese yen and more.

Diffusion Index (DI) of current business conditions of business enterprises in Japan as of March 2020, by company size

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Release date

April 2020



Survey time period

February 25 to March 31, 2020

Number of respondents

9,653 business enterprises*

Special properties

paper and online survey

Method of interview


Supplementary notes

*99 % response rate.
Response rate = The number of enterprises that responded to the question on business conditions / the number of sample enterprises * 100

Diffusion Index= ("favorable" - "unfavorable"), % points

Figures prior to December 2019 come from previous reporting.

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Statistics on "Coronavirus (COVID-19) in Japan"

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